Amalgamated Bank Sells 946 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Amalgamated Bank lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,405 shares of the real estate investment trust’s stock after selling 946 shares during the quarter. Amalgamated Bank’s holdings in Alexandria Real Estate Equities were worth $7,729,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brasada Capital Management LP raised its holdings in shares of Alexandria Real Estate Equities by 3.5% in the 1st quarter. Brasada Capital Management LP now owns 33,307 shares of the real estate investment trust’s stock valued at $6,703,000 after purchasing an additional 1,133 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Alexandria Real Estate Equities by 3.9% in the 1st quarter. Bank of America Corp DE now owns 848,935 shares of the real estate investment trust’s stock valued at $170,848,000 after purchasing an additional 31,675 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 20.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,128 shares of the real estate investment trust’s stock valued at $4,855,000 after purchasing an additional 4,106 shares in the last quarter. Phocas Financial Corp. raised its holdings in shares of Alexandria Real Estate Equities by 5.9% in the 1st quarter. Phocas Financial Corp. now owns 14,456 shares of the real estate investment trust’s stock valued at $2,909,000 after purchasing an additional 801 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Alexandria Real Estate Equities by 8.4% in the 1st quarter. Advisory Services Network LLC now owns 1,270 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Insider Activity

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were acquired at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the acquisition, the insider now directly owns 4,555,077 shares of the company’s stock, valued at $4,555,077. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, General Counsel Jackie B. Clem sold 794 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $156.60, for a total value of $124,340.40. Following the sale, the general counsel now directly owns 22,824 shares of the company’s stock, valued at approximately $3,574,238.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Real Estate Equitie Alexandria purchased 3,500,000 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $3,500,000.00. Following the completion of the acquisition, the insider now directly owns 4,555,077 shares of the company’s stock, valued at approximately $4,555,077. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

ARE has been the subject of several recent analyst reports. StockNews.com lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 13th. Mizuho boosted their price objective on shares of Alexandria Real Estate Equities from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Monday, September 12th. Evercore ISI boosted their price objective on shares of Alexandria Real Estate Equities from $185.00 to $194.00 in a research note on Monday, September 12th. Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price objective for the company. Finally, JMP Securities reduced their price objective on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Alexandria Real Estate Equities Stock Down 0.2 %

NYSE:ARE opened at $150.66 on Friday. The company has a market cap of $24.58 billion, a PE ratio of 81.44, a P/E/G ratio of 2.32 and a beta of 0.93. Alexandria Real Estate Equities, Inc. has a twelve month low of $130.00 and a twelve month high of $224.95. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $156.24 and its two-hundred day moving average is $167.87.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last released its earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $1.01. The company had revenue of $643.80 million for the quarter, compared to the consensus estimate of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. Alexandria Real Estate Equities’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.41 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, September 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 255.14%.

Alexandria Real Estate Equities Company Profile

(Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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